BidaskClub Upgrades Jack in the Box (JACK) to Hold

Jack in the Box (NASDAQ:JACK) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Other analysts have also recently issued reports about the stock. Cowen reaffirmed a “hold” rating and issued a $94.00 price target on shares of Jack in the Box in a report on Friday, February 16th. Zacks Investment Research raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Tuesday, February 13th. BTIG Research cut shares of Jack in the Box from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Barclays reissued an “equal weight” rating and set a $101.00 target price (up from $100.00) on shares of Jack in the Box in a report on Tuesday, January 16th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $105.00 target price (down from $118.00) on shares of Jack in the Box in a report on Wednesday, March 14th. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Jack in the Box presently has a consensus rating of “Buy” and an average target price of $107.62.

JACK traded down $0.16 during trading on Tuesday, hitting $88.80. The company had a trading volume of 336,081 shares, compared to its average volume of 779,864. The stock has a market capitalization of $2,624.52, a PE ratio of 22.89, a P/E/G ratio of 1.57 and a beta of 0.44. The company has a debt-to-equity ratio of -2.77, a current ratio of 1.53 and a quick ratio of 1.52. Jack in the Box has a 1-year low of $79.30 and a 1-year high of $113.00.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.17. The firm had revenue of $294.50 million for the quarter, compared to analysts’ expectations of $284.37 million. Jack in the Box had a net margin of 8.20% and a negative return on equity of 28.27%. The firm’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.18 earnings per share. equities research analysts forecast that Jack in the Box will post 3.94 earnings per share for the current fiscal year.

In related news, VP Vanessa C. Fox sold 610 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $91.00, for a total value of $55,510.00. Following the sale, the vice president now owns 2,051 shares of the company’s stock, valued at approximately $186,641. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director David Goebel sold 1,486 shares of the stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $84.68, for a total transaction of $125,834.48. Following the completion of the sale, the director now directly owns 21,702 shares in the company, valued at approximately $1,837,725.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,596 shares of company stock worth $225,544. Corporate insiders own 2.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. ING Groep NV increased its holdings in shares of Jack in the Box by 23.2% in the 4th quarter. ING Groep NV now owns 4,440 shares of the restaurant operator’s stock worth $436,000 after acquiring an additional 836 shares during the period. Flinton Capital Management LLC increased its holdings in shares of Jack in the Box by 23.6% in the 4th quarter. Flinton Capital Management LLC now owns 4,396 shares of the restaurant operator’s stock worth $431,000 after acquiring an additional 840 shares during the period. Swiss National Bank increased its holdings in shares of Jack in the Box by 1.8% in the 4th quarter. Swiss National Bank now owns 50,100 shares of the restaurant operator’s stock worth $4,915,000 after acquiring an additional 900 shares during the period. Meeder Asset Management Inc. increased its holdings in shares of Jack in the Box by 597.5% in the 4th quarter. Meeder Asset Management Inc. now owns 1,123 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 962 shares during the period. Finally, UBS Asset Management Americas Inc. increased its holdings in shares of Jack in the Box by 5.3% in the 4th quarter. UBS Asset Management Americas Inc. now owns 19,514 shares of the restaurant operator’s stock worth $1,915,000 after acquiring an additional 983 shares during the period. 98.49% of the stock is currently owned by institutional investors and hedge funds.

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Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants and Qdoba Mexican Eats fast-casual restaurants primarily in the United States. As of October 01, 2017, it operated and franchised approximately 2,251 Jack in the Box restaurants in 21 states and Guam; and approximately 726 Qdoba Mexican Eats restaurants in 47 states, the District of Columbia, and Canada.

Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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